ProPetro (NYSE: PUMP) CEO RSUs vest; shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. Chief Executive Officer Samuel D. Sledge reported equity award activity involving restricted stock units and common stock. On March 4, 2026, 84,175 previously granted restricted stock units vested and were settled into 84,175 shares of common stock at no cost, increasing his directly held common shares.
On the same date, 33,123 shares of common stock were withheld at a price of $12.4900 per share to satisfy taxes due upon the vesting and settlement of the restricted stock units, leaving 649,336 shares of common stock held directly after the tax-withholding disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary
84,175 shares exercised/converted
Mixed
3 txns
Insider
Sledge Samuel D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 84,175 | $0.00 | -- |
| Exercise | Common Stock | 84,175 | $0.00 | -- |
| Tax Withholding | Common Stock | 33,123 | $12.49 | $414K |
Holdings After Transaction:
Restricted Stock Units — 466,307 shares (Direct);
Common Stock — 682,459 shares (Direct)
Footnotes (1)
- Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs"). Each RSU represents a contingent right to receive either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock. Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded RSUs. On March 4, 2025, the reporting person was granted 252,525 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did ProPetro (PUMP) report for CEO Samuel D. Sledge?
ProPetro reported that CEO Samuel D. Sledge had 84,175 restricted stock units vest and settle into common stock, and 33,123 shares were withheld to cover related tax obligations. These transactions reflect routine equity compensation and associated tax-withholding activity.
How many ProPetro (PUMP) restricted stock units vested for the CEO?
84,175 restricted stock units vested for the CEO, settling into 84,175 shares of ProPetro common stock at no cash cost. This conversion reflects previously awarded equity compensation reaching a vesting date and being delivered as common shares to the reporting person.
What is the CEO’s ProPetro (PUMP) common stock holding after these transactions?
After the reported RSU vesting and tax-withholding disposition, CEO Samuel D. Sledge directly holds 649,336 shares of ProPetro common stock. This figure reflects the increase from RSU settlement and the reduction from shares withheld to cover associated tax liabilities.
Were the ProPetro (PUMP) CEO’s Form 4 transactions open-market buys or sells?
The transactions were not open-market buys or sells. They involved the exercise and settlement of 84,175 restricted stock units into common stock and a tax-withholding disposition of 33,123 shares to satisfy tax obligations related to that vesting event.
Did ProPetro (PUMP) grant additional restricted stock units to the CEO?
Yes. On March 4, 2025, the CEO was granted 252,525 restricted stock units, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. This grant represents a multi-year equity compensation award subject to time-based vesting.